Hongkong Land (OTCMKTS:HNGKY) Trading Down 8.4% - What's Next?

Get Hongkong Land alerts:Shares of Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) were down 8.4% during trading on Friday . The company traded as low as $28.82 and last traded at $28.82. Approximately 6,821 shares changed hands during trading, an increase of 73% from the average daily volume of 3,940 shares. The stock had previously closed at $31.45.Hongkong Land Price PerformanceThe firm's 50 day simple moving average is $29.72 and its 200-day simple moving average is $24.91. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. About Hongkong Land (Get Free Report)Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.Read MoreFive stocks we like better than Hongkong LandHow to Use the MarketBeat Excel Dividend CalculatorRocket Lab Reports Next Week: Here’s What Investors Should KnowHow to Evaluate a Stock Before Buying Apple Stock: Big Earnings, Small Move—Time to Buy?Large Cap Stock Definition and How to InvestAmazon's Earnings: What Comes Next and How to Play ItThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Hongkong Land Right Now?Before you consider Hongkong Land, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hongkong Land wasn't on the list.While Hongkong Land currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here